Black Cat Syndicate Encounters High-Grade Gold at Majestic and Fingals Fortune

THE DRILL SERGAENT: Black Cat Syndicate (ASX: BC8) is continuing a good run with RC drilling being carried out at Majestic and Fingals Fortune, both part of the company’s Fingals gold project in Western Australia.

Black Cat Syndicate has now completed the first 16 holes for approx. 3,482 metres at Imperial/Majestic, targeting extensions to the Imperial/Majestic deposits.

The company has been encouraged by results achieved from the first three 3 holes hitting multiple gold zones in each hole with a number of high-grade intersections including:

6 metres at 7.01 grams per tonne gold from 167m;

4m at 9.11g/t gold from 178m;

2m at 15.4g/t gold from 184m; and

6m at 6.59g/t gold from 53m.

Results from a further 31 holes at Fingals Fortune have also been received from drilling targeting shallow extensions to the historically mined open pit.

The drilling program extended mineralisation, which remains open in all directions.

Results include:

3m at 8.55g/t gold from 25m;

1m at 23.2g/t gold from 33m;

1m at 25g/t gold from 88m; and

2m at 7.17g/t gold from 55m.

Black Cat Syndicate signalled a JORC Mineral Resource update for Fingals Fortune is expected to be completed in October 2020.

Other Resources will be updated on an ongoing basis.

“Thick high-grade results from our initial drilling at both Imperial and Majestic have been pleasing. RC drilling is ongoing in this area as part of our planned plus-60,000 metres drilling program,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“The results at Fingals Fortune were also encouraging, intersecting new lodes to the south, and will form part of an updated Resource release in October 2020.

“Resources at Myhree, Boundary and Trump will also be updated in October 2020.

“We are also pleased to advise that various studies are planned to be released in October 2020 (subject to timing of independent reviews) including: the Myhree Stage 1 and 2 open pit prefeasibility study and scoping studies for Myhree underground, Trump and Boundary open pits; Imperial/Majestic underground and the Fingals Fortune open pit.

“Furthermore, a milling facility scoping study prepared by Como Engineers Pty Ltd will also be released with the above studies.

“This is all part of the drive to achieve our targets of one million ounces of Resource and a wholly owned milling facility with at least three years feed ahead of it.”